EU tells Booking.com to follow new tech giants control rules or pay huge fines
European Union puts Booking.com under strict digital market rules after naming it gatekeeper this spring. Travel booking giant must now follow tough regulations or face major financial penalties
The EU Commission has put Booking.com under its new tech-market control system‚ making the company follow strict rules since it became a gate-keeper last spring
The Digital Markets Act makes big-tech companies do three main things: keep content clean-up good‚ play fair with rivals and let users switch services easy (these rules affect companies that have both lots of users and money)
To be exact a company needs:
* Over 45-million monthly active users
* Market value above 75-billion euros
* Important platform services for business users
If Booking.com doesnt follow these rules‚ it will cost them big-time — up to 10% of their world-wide income; and if they keep breaking rules that number goes up to 20%. The EU can also stop them from buying other companies
The EU made this law to control how much power big-tech firms have in the market: its about making sure small companies can compete and users have more choice. Companies like Booking.com now have to be extra-careful about how they run their business — they cant just do whatever they want anymore
